Thai PTT inks deal for gas imports from Myanmar
Singapore—Thailand's state-run PTT has signed a heads of agreement for the purchase of natural gas from block M9 offshore Myanmar, the company said June 24.
Publication Date: JUN 2008
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US four-week gasoline demand drops 3.6%
MasterCard survey cites price rise for fall in use
Publication Date: JUN 2008
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What crude & natural gas markets are doing...
What crude & natural gas markets are doing...
Publication Date: JUN 2008
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Algerian oil minister Khelil retains post in reshuffle
Algiers—Algerian Oil Minister Chakib Khelil has retained his position after a cabinet reshuffle, the government said June 23.
Publication Date: JUN 2008
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Angola poised to increase oil output by 100,000 b/d
Jeddah, Saudi Arabia—Angola is set to boost its oil production by a further 100,000 b/d in a few weeks when ExxonMobil brings on stream the second field
Publication Date: JUN 2008
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At House hearing, push for CFTC to increase oil market regulation
Panel of analysts say speculators adding significantly to crude price
Publication Date: JUN 2008
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Australia Varanus gas to restart mid-August
Apache aims to resume full production by December
Publication Date: JUN 2008
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Bangchak refinery's new units to start up early 2009
Bangkok—Bangchak Petroleum's product quality improvement project is 90% complete and commercial operations are expected to begin early next year, a senior official at the Thai refiner said
Publication Date: JUN 2008
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Canada's Talisman signs Kurdistan upstream deals
New York—Canadian independent Talisman Energy has reached two agreements with the Kurdish Regional Government in Iraq for stakes in two blocks in Kurdistan and plans to spend
Publication Date: JUN 2008
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China gives fuel subsidies to agriculture, fishing, forestry
Singapore—The Chinese government has decided to grant Yuan 19.8 billion ($2.9 billion) in subsidies to the agriculture, fishing and forestry sectors as well as public transport operators
Publication Date: JUN 2008
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Crude up despite Saudi output hike pledge
Main outcome of Jeddah meeting, no other progress
Publication Date: JUN 2008
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Dana agrees to asset swap with Det norske
Takes stakes in Norwegian offshore fields
Publication Date: JUN 2008
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High prices eat into Thai gasoil, gasoline demand
Bangkok—Thailand's demand for gasoline and gasoil continued its downtrend in May as consumers switched to cheaper alternative fuels and began relying more on public transport amid skyrocketing
Publication Date: JUN 2008
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Hungary's MOL plays down call for 'Robin Hood' energy tax
London—Hungary's MOL said June 23 it is already paying a form of "Robin Hood" tax on its production, following a call June 20 from the country's Finance
Publication Date: JUN 2008
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IEA head welcomes China's price hike to cool demand
Jeddah, Saudi Arabia—The International Energy Agency's Executive Director Nobuo Tanaka said June 22 that China's recent decision to raise the retail price of gasoline, diesel and jet
Publication Date: JUN 2008
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Indonesia faces $20 billion fuel subsidy bill in 2008
Jeddah, Saudi Arabia—Indonesia expects its policy of subsidizing fuel prices to cost it $20 billion this year, up 60% from $12.5 billion a year ago as a
Publication Date: JUN 2008
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KazMunaiGaz EP to postpone PetroKazakhstan purchase
Almaty, Kazakhstan—KazMunaiGaz Exploration Production, the upstream arm of Kazakhstan's state-owned KazMunaiGaz, plans to postpone its planned acquisition of a 33% stake in PetroKazakhstan until the second half
Publication Date: JUN 2008
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Magellan Midstream hikes Q2, full-year 2008 guidance
New York—US midstream major Magellan has increased its earnings guidance for the 2008 second quarter and full year, saying June 23 that lower-than-forecast pipeline volumes would be
Publication Date: JUN 2008
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McCain calls to end tariff on Brazil ethanol
Brazilians want to boost exports to US
Publication Date: JUN 2008
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Mitsubishi, Alaska group in deal to build LNG plant
Anchorage—Japan's Mitsubishi has signed an agreement with an Alaskan group to develop a LNG export project in southern Alaska that would work in tandem with plans for
Publication Date: JUN 2008
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Myanmar gas sales, transport to CNPC set
Under Daewoo-led deal, gas price to track benchmark crude
Publication Date: JUN 2008
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NYMEX crude gains on Nigerian production concerns
New York—New York Mercantile Exchange August crude futures rose $1.38/barrel to settle at $136.74/b June 23, focusing not on the producer/consumer meeting in Jeddah, Saudi Arabia, but
Publication Date: JUN 2008
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Nigeria oil output falls to 1.77 million b/d on sabotage
London—Crude oil production in Nigeria has fallen to a new low of 1.77 million b/d following sabotage on the oil facilities of two of the country's major
Publication Date: JUN 2008
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OGX aims to begin Brazil drilling in 2009
Following successful IPO, plans to drill up to 51 wells
Publication Date: JUN 2008
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Oxy buys Alberta oil sands interest for C$500 million
New York—Occidental Petroleum has signed an agreement with Canada's Enerplus Resources Fund to acquire a 15% stake in the Joslyn oil sands project in Alberta, Canada, for
Publication Date: JUN 2008
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Oxy, OMV renew upstream agreements with Libya
London—The US' Occidental Petroleum and Austria's OMV have become the latest foreign companies to renew their upstream deals with Libya's National Oil Corporation, signing June 23 five
Publication Date: JUN 2008
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StatoilHydro preparing restart of Oseberg production
London—Norway's StatoilHydro is preparing to restart some 150,000 b/d of shut-in crude oil production from its fire-damaged Oseberg A platform in the North Sea after failing to
Publication Date: JUN 2008
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Syria seen as future corridor for Arab gas
Looks to be link to European market
Publication Date: JUN 2008
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Typhoon delays start of output at Galoc oil field in Philippines
Singapore—Typhoon Fengshen, which hit the Philippines over the weekend, had no impact on refinery operations in the country, but has further delayed the startup of the Galoc
Publication Date: JUN 2008
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UK PM Brown urges change in producer/consumer cooperation
Also calls for more investment to tackle high oil prices
Publication Date: JUN 2008
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US DOE to buy heating oil to bring Northeast reserve to capacity of 2 million barrels
Washington—The US Department of Energy sought offers June 23 to fill the Northeast Home Heating Oil Reserve to its 2 million barrel capacity, using $3 million provided
Publication Date: JUN 2008
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US degree days indicator through June 20
US degree days indicator through June 20
Publication Date: JUN 2008
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US' TEPPCO raising sulfur ceiling for ULSD transport
New York—TEPPCO Partners plans to raise the maximum sulfur limit for ultra low sulfur diesel carried in its US products pipeline system from Texas Gulf Coast origination
Publication Date: JUN 2008
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Unipetrol eyes Shell stake in Czech refiner
Could exercise pre-emption rights to buy 16.33% stake in Ceska Rafinerska
Publication Date: JUN 2008
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What crude & natural gas markets are doing...
What crude & natural gas markets are doing...
Publication Date: JUN 2008
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ASTM OKs new biodiesel blending standards
Houston—The American Society for Testing and Materials' Biodiesel Task Force has approved a trio of long-awaited standards to be followed in blending biodiesel, which could bolster automaker
Publication Date: JUN 2008
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Ahead of Jeddah meeting, NYMEX crude up
Volume lower as traders await outcome of producer-consumer talks
Publication Date: JUN 2008
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Argentina's oil supply squeezed by striker protests
Buenos Aires—An estimated 200 roadblocks staged by striking farmers and truckers across Argentina are preventing fuel supplies getting to garage forecourts, Energy Secretary Daniel Cameron said late
Publication Date: JUN 2008
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At the Wellhead
Production is ramping up in the Caspian, and that means a fresh dollop of pipeline politics as producers ponder the best way to get their crude to
Publication Date: JUN 2008
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BG Group to supply first long-term LNG to Hong Kong's Capco
Singapore—UK's BG Group has reached an agreement to supply 1 million mt/year of LNG to Hong Kong's first LNG import facility planned in South Soko Island, the
Publication Date: JUN 2008
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Biofuels help moderate rise in crude prices: producers
Singapore—Crude oil prices could move even higher if biofuel subsidies were to be scrapped, biofuel proponents told Platts last week in response to recent criticism that biofuels
Publication Date: JUN 2008
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Brazil ethanol sector vies to win over US
Wants tariff dropped on exports
Publication Date: JUN 2008
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Canada's NLRC seeks bankruptcy protection
Planned 300,000 b/d refinery in Placentia Bay upended for now
Publication Date: JUN 2008
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Chesapeake Energy says leasehold costs rising sharply in three key US shale plays
Washington—Leasing costs in three of the US' largest natural gas shale plays have risen sharply in the last several months as more companies seek to lock up
Publication Date: JUN 2008
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China's fuel prices still among Asia's lowest
Despite latest jump, Beijing's gasoline, gasoil a bargain in region
Publication Date: JUN 2008
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China's oil price hike gets tepid response
Top local refiners say rise not enough; no significant demand curb seen
Publication Date: JUN 2008
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EU leaders seek consensus on tax cuts to offset oil price
London—European Union heads of state reiterated their concern June 20 over the recent surge in global oil prices and asked the European Commission to study potential tax
Publication Date: JUN 2008
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Endeavour makes play for North Sea explorer Ithaca
London—North Sea explorers Endeavour International of the US and Canada's Ithaca Energy could soon join forces after Houston-based Endeavour said June 20 it has launched a $274
Publication Date: JUN 2008
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Fuel prices in major Asian cities
Fuel prices in major Asian cities
Publication Date: JUN 2008
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Gulf of Mexico shallow-water gathers steam
Gas price of $13/Mcf motivates drilling
Publication Date: JUN 2008
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Hungary's MOL makes oil, gas find in Kazakhstan
London—Hungary's MOL said June 20 it has made an oil and gas discovery at the Federovskoye block in northwestern Kazakhstan.
Publication Date: JUN 2008
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Indonesia amends cost recovery terms for production contracts
Shifts expense burden in non-producing areas to contractor
Publication Date: JUN 2008
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Ireland's Petrel faces new delays in Iraq projects
London—Irish upstream minnow Petrel Resources said June 20 its field development project in southern Iraq has hit fresh setbacks and it is in talks to resolve "significant"
Publication Date: JUN 2008
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Kinder monitoring Platte system, shutdown unlikely
Houston—Kinder Morgan has no immediate plans to shut the Platte crude oil pipeline system, though the company will continue to closely monitor flooding in Missouri, a company
Publication Date: JUN 2008
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Lukoil officially launches Yuzhno-Khylchuyuskoye
Moscow—Russia's second-largest oil producer Lukoil June 20 officially launched crude production from the much-delayed Yuzhno-Khylchuyuskoye field in the Timan-Pechora oil and gas province in Russia's northwest.
Publication Date: JUN 2008
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Marathon starts heavy oil upgrade at Detroit refinery
New York—Marathon Oil said June 20 it has begun construction of the $1.9 billion heavy oil upgrading project at its Detroit refinery after it received an air
Publication Date: JUN 2008
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Mexico's May crude exports off almost 21%
Mexico City—The decline in Mexican crude exports gathered speed in spectacular fashion in May when they dropped 20.7% year on year to 1.376 million b/d, Pemex reported
Publication Date: JUN 2008
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Nigerian president orders tighter security
Follows attack on Shell's Bonga field, force majeure declared
Publication Date: JUN 2008
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Riis-Johansen named Norway's new oil minister
London—The Norwegian government has appointed its current Agriculture Minister Terje Riis-Johansen as the country's new oil minister after Aslaug Haga stepped down June 19 over health concerns,
Publication Date: JUN 2008
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Russia's Gazprom Neft eyes European refining, worldwide upstream
Plans to expand upstream in Africa, Venezuela, Iraq, Iran
Publication Date: JUN 2008
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Shell ends effort to drill in Beaufort Sea this year
New York—Shell said June 20 it would not pursue its 2008 drilling efforts in the Beaufort Sea offshore the Alaska North Slope because a US court of
Publication Date: JUN 2008
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Thai truckers halt protest, government agrees to help
Singapore—Thailand's truck operators have decided to call off their protest, which would have choked traffic in the capital city of Bangkok, after the government agreed to some
Publication Date: JUN 2008
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US rig count rises by 5
US rig count rises by 5
Publication Date: JUN 2008
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US' Plains, Oxy buy Piceance Basin acreage
Washington—US independent producer Plains Exploration & Production and a subsidiary of Occidental Petroleum have agreed to pay $162 million to an unidentifed third party for 11,500 acres
Publication Date: JUN 2008
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What crude & natural gas markets are doing...
What crude & natural gas markets are doing...
Publication Date: JUN 2008
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Albania approves US-Swiss group as buyer of refiner
London—Albania's government approved June 18 the sale of an 85% stake in the country's only refiner, Armo, to a US-Swiss consortium, the government said in a statement.
Publication Date: JUN 2008
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B.C. auction garners C$213 million in bids
Montney, Horn River shale gas prospectivity, stable fiscal regime are big draws
Publication Date: JUN 2008
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China becomes net importer of gasoline for first time in May
Beijing to increase gasoline, diesel prices on June 20
Publication Date: JUN 2008
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China's price hike sends NYMEX futures lower
New York—July crude futures on the New York Mercantile Exchange settled $4.75 lower at $131.93/barrel June 19, as an increase in Chinese retail prices stoked concerns of
Publication Date: JUN 2008
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Fisherman's Landing LNG project to pick buyer in July
Singapore—Perth-based Liquefied Natural Gas Limited expects to pick a preferred buyer as early as July for LNG from its proposed Fisherman's Landing liquefaction plant in the western
Publication Date: JUN 2008
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Gas reserve increase boosts Gladstone LNG
QGC set to confirm 80% hike at Surat Basin project
Publication Date: JUN 2008
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IEA chief economist Birol hopes Jeddah oil talks will calm market
Says a 'new world energy order' emerging
Publication Date: JUN 2008
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India, South Korea, Indonesia, China to attend summit
Singapore—Indian oil minister Murli Deora, Indonesia's OPEC governor Maizar Rahman, South Korea's de facto energy minister Lee Youn-Ho and China's Vice President Xi Jinping will attend a
Publication Date: JUN 2008
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Indonesia wants 'fair' price for export gas
Tells overseas buyers domestic market prices are running much higher
Publication Date: JUN 2008
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Italy OKs 'Robin Hood' tax on oil companies
Berlusconi wants to transfer funds to country's poor
Publication Date: JUN 2008
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New US refineries said unlikely; expansions expected to continue
Houston—Despite heightened election year rhetoric about building new US refineries, the industry likely will continue to boost capacity through expansions and debottlenecking at existing locations, a pair
Publication Date: JUN 2008
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Norway to announce new oil minister after Haga quits
London—Norway expects to announce June 20 a new oil and energy minister following the resignation June 19 of Aaslaug Haga, who stepped down after nine months in
Publication Date: JUN 2008
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Petro-Canada renews six upstream deals in Libya
Calgary—Petro-Canada has become the latest foreign upstream company to renew its upstream deals with Libya's National Oil Corporation, signing June 19 six new exploration and production sharing
Publication Date: JUN 2008
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Philippine Galoc oil field start-up delayed yet again
Singapore—The start-up of the Galoc oil field offshore Palawan in the Philippines has been delayed yet again after the operator identified a subsea equipment problem, an official
Publication Date: JUN 2008
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Russia accuses TNK-BP of labor violations
Company says it will challenge charges
Publication Date: JUN 2008
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| Platts Oilgram News |
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